Here are the number of Coca-Cola stocks you must own to win $5,000 in annual dividends:
It was formed in 1886, coca cola (NYSE: KO) It has become a popular name by selling and selling a large portfolio of drinks (including soft drinks of that name) all over the world.
But beyond its popularity with consumers, Coca-Cola has long been a favorite in the stock market, thanks to its steady growth and long history of paying dividends. For investors who target dividend income of $5,000 each year, there are several shares that must own Coca-Cola shares.
Coca-Cola certainly has an unwavering commitment to its dividend. The company not only maintains normal payments, but has raised them every year for over 60 years. It makes Coca-Cola a Dividend King.
The board took a payout growth streak in 1963 after dividends increased to a quarterly rate of $0.51 per share earlier this year. The new rates started with payments in April.
Coca-Cola doesn’t seem to have the problem of giving a higher dividend. For the company Payment ratio Of the 77%, dividend payments for the past 12 months amounted to roughly three-quarters of the company’s net profit from that period.
With the company’s commitment and ability to pay dividends resolved, it’s time to focus on the number of shares needed to collect $5,000 each year.
Coca-Cola’s current $0.51 dividend is $2.04 per year. So you’ll need 2,451 shares to receive a total of $5,000. Based on the closing price of 71.02 on June 13, you will need to invest $174,070 and own many of its shares.
Given the company’s performance, its annual dividend income should increase every year, and it is important to remember that shareholders will also receive a higher dividend yield compared to the broader market. Coca-Cola stock generates 2.9% compared to S&P 500 1.3% of the index.
Consider this before purchasing stock at Coca-Cola.
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